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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

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The Group's revenue increased 8 percent YoY.

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The total dividend paid to shareholders in 2024 $1.3bn.

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World’s first Warner Bros. themed hotel nearly complete

    • The $112m hotel set to open this year in Yas Island
    • It will be operated and managed by Hilton under its Curio Collection

     

    The world’s first Warner Bros-themed hotel is set to open in Yas Island this year.

    The hotel, WB Abu Dhabi hotel, is being developed by the Miral Asset Management in collaboration with the Themed Entertainment branch of the Warner Brothers with a total investment of US$112 million.

    Operated and managed by Hilton under its upper-upscale Curio Collection, the work on the hotel is 90 percent complete.

    Mohamed Abdalla Al Zaabi, CEO of Miral, said, “We are proud of our long-term partnership with Warner Bros. that has resulted in two world-firsts here on Yas Island.” The Warner Bros World theme park is adjacent to the hotel.

    Peter van Roden, SVP Warner Bros. Themed Entertainment, said the hotel will be a first-rate family destination inspired by the iconic WB library of film and television shows.